Contel has surged above the critical 0.100 resistance and psychological level which it has been consolidating below for about a week. Currently at 2nd Top volume. Support remains at 0.100 now. High as at now is 0.109. As long as 0.100 hold as the new support, upside to between 0.11 and 0.14 seems possible, of course with consolidations in between. Look at the gap down it has formed in April last year from the 0.15 region. Possible to close this gap quickly on high volume. For short term trades, a break above 0.11 can see it push higher to find a new resistance.
Stop loss at 0.096 nevertheless.
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